WASHINGTON — Despite a term that has been marred by a severe financial crisis and his controversial response to it, Federal Reserve Board Chairman Ben Bernanke on Tuesday won renomination to another four years at the helm of the central bank.

"As an expert on the causes of the Great Depression, I'm sure Ben never imagined that he would be a part of a team responsible for preventing another," Obama said during his announcement Tuesday. "But because of his background, his temperament, his courage, and his creativity, that's exactly what he has helped to achieve. And that is why I am re-appointing him to another term as Chairman of the Federal Reserve."

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